Capital Management Corp VA Sells 30,956 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Capital Management Corp VA decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 14.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,363 shares of the Wireless communications provider's stock after selling 30,956 shares during the quarter. InterDigital makes up about 4.6% of Capital Management Corp VA's investment portfolio, making the stock its 4th biggest holding. Capital Management Corp VA owned 0.72% of InterDigital worth $25,828,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in InterDigital by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider's stock valued at $344,370,000 after purchasing an additional 17,238 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in InterDigital by 1.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider's stock worth $127,392,000 after acquiring an additional 10,532 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of InterDigital by 51,337.0% during the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider's stock worth $86,635,000 after acquiring an additional 741,820 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of InterDigital by 28.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider's stock valued at $30,420,000 after purchasing an additional 48,137 shares during the last quarter. Finally, Reinhart Partners LLC. acquired a new position in InterDigital in the 3rd quarter valued at $27,762,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at InterDigital

In related news, Director Derek K. Aberle sold 2,005 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the sale, the director now directly owns 7,639 shares in the company, valued at $1,026,681.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the completion of the transaction, the director now owns 7,639 shares of the company's stock, valued at $1,026,681.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Kritzmacher sold 2,500 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $138.72, for a total transaction of $346,800.00. Following the sale, the director now directly owns 20,279 shares in the company, valued at approximately $2,813,102.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,205 shares of company stock valued at $716,218. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Price Performance

IDCC stock traded up $2.91 during mid-day trading on Tuesday, hitting $168.84. The stock had a trading volume of 423,328 shares, compared to its average volume of 460,929. The firm has a fifty day simple moving average of $143.47 and a 200 day simple moving average of $126.98. InterDigital, Inc. has a 52 week low of $84.41 and a 52 week high of $169.85. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $4.24 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.05 and a beta of 1.38.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from InterDigital's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.07%. InterDigital's dividend payout ratio is presently 19.23%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IDCC. Roth Mkm boosted their target price on shares of InterDigital from $146.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. StockNews.com downgraded shares of InterDigital from a "buy" rating to a "hold" rating in a report on Monday.

About InterDigital

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.